Xencor Inc (XNCR)

Financial leverage ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Total assets US$ in thousands 952,692 778,430 778,121 803,411 846,266 835,269 851,325 857,922 838,211 697,264 695,602 692,737 703,244 646,349 644,720 666,963 670,250 686,244 684,753 697,003
Total stockholders’ equity US$ in thousands 668,796 669,010 678,876 683,583 727,496 722,698 742,341 763,023 733,504 618,860 646,938 583,612 572,444 568,483 570,645 593,005 593,201 610,237 608,091 609,565
Financial leverage ratio 1.42 1.16 1.15 1.18 1.16 1.16 1.15 1.12 1.14 1.13 1.08 1.19 1.23 1.14 1.13 1.12 1.13 1.12 1.13 1.14

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $952,692K ÷ $668,796K
= 1.42

The financial leverage ratio of Xencor Inc has shown some fluctuations over the past eight quarters. The ratio has ranged from a low of 1.12 in Q1 2022 to a high of 1.42 in Q4 2023. This ratio indicates that, on average, Xencor Inc has been financing its operations more with debt (financial leverage) than equity over this period.

The increasing trend in the financial leverage ratio from Q1 2022 to Q4 2023 suggests that the company has been taking on more debt relative to its equity to finance its operations. This could indicate a higher risk level associated with the company's capital structure, as increased leverage can lead to higher financial risk.

It would be important for investors and stakeholders to further analyze the reasons behind the fluctuations in the financial leverage ratio and assess the impact of the company's debt levels on its overall financial health and stability. Monitoring how Xencor Inc manages its debt levels and leverage ratio in relation to its profitability and cash flow will be crucial for evaluating its long-term financial sustainability.